US and Australia regulators make cross-border pact

Regulators in the US and Australia will cooperate in
overseeing firms with cross-border operations in each
other’s jurisdictions as part of a broader effort
to coordinated international derivatives rules.

The Commodity Futures Trading Commission (CFTC) and the
Australian Securities and Investment Commission (ASIC) signed a
memorandum of understanding (MOU) regarding cooperation and the
exchange of information in the oversight of entities operating
on a cross-border basis in the United States and Australia.